Tag: economic

India forecasts 6.9% economic growth in 2024, driven by public investment and resilient consumption.

Global economic prospects have improved since January, with major economies avoiding a severe downturn, bringing down inflation without increasing unemployment, according to the World Economic Situation and Prospects as of mid-2024 released.

The Organization for Economic Cooperation and Development (OECD) has released its latest Economic Outlook, predicting a modest global GDP growth of 2.9% in 2023. However, the report warns of challenges such as necessary monetary policy tightening, weak trade, and declining business and consumer confidence. Asia is anticipated to drive global growth in 2024-25.